I would be pleased to have a chance to put them to one of the authors of the legislation. The first question that was put to me some time ago, some moments ago, was, if we pass an increase in the minimum wage, would that require us to reimburse local and State units of government for the expense of that increase in the minimum wage?
Discussing questions regarding the implications of increasing the minimum wage.
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I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
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